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cnbc.com
Wall Street's fear gauge tumbles as traders bid up SpaceX shares
The biggest IPO has been digested without a hiccup, and Wall Street's so-called "fear gauge" is back below its long-term average.
cnbc.com
SpaceX IPO leaves retail investors with too few shares and a tough hold-or-sell decision
Those who did receive stock are taking different approaches, with some selling into the company's market debut while others holding for the long haul.
cnbc.com
Oil prices fall about 5% as Iran deal is set to open Hormuz Strait
"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
bbc.com
SpaceX IPO raised $10bn more than thought
The company's listing raised $87.5bn, compared with the $75bn it was initially thought.
bbc.com
Anthropic to meet White House over AI tool suspension
The sudden meeting was called after Anthropic had to block users from just-released AI models.
cnbc.com
Anthropic to meet with Trump administration over Mythos dispute
Anthropic received an export control directive that ordered the company to suspend access to its latest AI models by any foreign national.
theguardian.com
City & Guilds bosses awarded themselves millions in bonuses, investigation finds
Report finds Kirstie Donnelly and Abid Ismail paid bonuses ‘without authorisation or knowledge’ of superiors The two most senior executives at City & Guilds awarded themselves millions of pounds of bonuses “without authorisation from, or knowledge of” their superiors, an internal investigation into last year’s £166m sale of the vocational charity has found.The report on the conduct of Kirstie Donnelly, the former chief executive of City & Guilds, and the body’s finance chief, Abid Ismail, sets out how the pair “directly authorised and paid bonuses to themselves” of nearly £3m combined. Continue reading...
theguardian.com
Trump says Iran deal has been signed – video
Donald Trump said an agreement with Iran had been signed and the text of the deal would be released some time after a formal signing on Friday, adding that the strait of Hormuz would be fully opened. Speaking on Monday alongside the French president, Emmanuel Macron, before this week's G7 meeting in France, Trump also said Iran 'won't have a nuclear weapon'Middle East crisis liveUS and Iran reach framework peace deal to end war Continue reading...
cnbc.com
Treasury yields slide as Iran deal drives rethink on Fed interest rate hikes
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell almost 3 basis points to 4.457%.
theguardian.com
The Guardian view on regulating big tech: the UK’s new, tougher approach to child safety is overdue
There are real concerns about how a social media ban for under-16s will work. But tighter rules could be a step towards a better internet for everyone There is a long way to go before children under 16 in the UK are blocked from the main social media platforms – as Sir Keir Starmer announced on Monday that they will be. He proposed a date of next spring, although whether, and when, a ban comes in may be up to an eventual successor.But whatever happens next, a crunch moment has arrived sooner than expected. Until recently, it seemed highly unlikely that the government would seek to restrict the tech industry’s access to children in the way it is now doing. Eighteen months ago, ministers sided with Ofcom in a row over the implementation of the Online Safety Act. Groups including 5Rights argued that companies should be made accountable for harm reduction, as well as obliged to follow new rules. For a mixture of economic and political reasons, the government seemed determined to stay on the right side of big tech and Donald Trump. Its approach was timid.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
An absurd illustration of Britain’s housing problem | Letters
Readers respond to an article about what was once the UK’s most expensive house, which has lain empty for yearsGrand properties lying empty when we’re in the midst of a housing crisis is ludicrous. Sam Wollaston’s article about a homeless person sleeping in the portico of a £200m palace, which used to be terrace houses, is the most apt and absurd illustration of the UK’s housing problem (It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?, 10 June).For a long time, my partner and I lived in the affluent town of Henley-on-Thames. There, behind the famous Leander club, sat a sizeable disused property. Most days I’d drive past it on my way to work and lament that the pigeon-filled building wasn’t occupied. It took over a decade before it was knocked down and the area finally developed; presumably somebody owned it for all that time and sat on it for whatever reasons. Continue reading...
cnbc.com
This father-daughter duo brought in $428,000 last year making 3D-printed fidget toys: 'It's not just for kids'
Charlie Moreton and Victoria Baumann are the father-daughter duo behind Victoria Essie Studio, which has seen viral success selling 3D-printed fidget toys.
cnbc.com
SpaceX IPO raises total of $85.7 billion as underwriters exercise 'greenshoe' overallotment option
Elon Musk's space and artificial intelligence company raised an initial $75 billion on Thursday.
cnbc.com
Vance says U.S. expects Strait of Hormuz to be open 'toll free' long term
The U.S. and Iran have issued conflicting statements on how the Strait of Hormuz will be managed.
cnbc.com
U.S.-Iran deal explained: What we know — and what remains unresolved
Stocks rose after a preliminary U.S.-Iran agreement, but questions remain over Hormuz, Israel and what follows a potential signing in Geneva.
theguardian.com
Backlash against ‘short-termist’ UK plans to weaken EV sales targets
Charging industry and electric vehicle manufacturers say measure could cost jobs and harm UK automotive sector The UK government’s plans to further weaken electric car targets have provoked a furious backlash from the charging industry and the electric car brand Polestar, which would lose out from the changes.The government is expected to dilute rules known as the zero emission vehicle (ZEV) mandate. Government sources have said it will reduce a target for pure electric cars from 80% of all sales by 2030 to 50%. Continue reading...
cnbc.com
SpaceX stock gains 10% as it begins first full day of trading after record debut
SpaceX is valued at over $2 trillion after its stock rallied on the first day of trading last week.
theguardian.com
The right wants money for defence. It should start with MoD wastefulness – or even the pensioner triple lock | Polly Toynbee
There is nothing left to be squeezed from disabled people or families, yet some continue to bang the same old drumWhat’s it to be, warfare or welfare, social or military spending, guns or butter? Hermann Göring coined that phrase calling for re-armament, “Guns will make us powerful, butter will only make us fat.” In her “Britain awake” speech, Margaret Thatcher in 1976 warned that the Soviets “put guns before butter, while we put just about everything before guns” – though defence spending fell as a proportion of GDP in her time, and faster as the cold war ended. But that peace dividend needs repaying now we are back in cold (and quite hot) war with Russia, only with the US no longer reliable, nor even a friend.The present day “guns v butter” has morphed into a warfare/welfare zero-sum. How dispiriting that Al Carns repeated it on resigning last week as armed forces minister. “There is an argument around welfare,” Carns says. “I am a firm believer that it’s about hands up, not a hand out. But we need to help the people who need the most help within the nation but also get the balance right across defence.” Why the juxtaposition? This ex-colonel of the marines would “take the country by the scruff of its neck and make it great again” – soldier talk that makes Westminster go weak at the knees.Polly Toynbee is a Guardian columnist Continue reading...
bbc.com
How could the US-Iran deal affect oil prices and the cost of food?
Experts warn the impact of the war will continue to affect the global economy for months to come.
theguardian.com
Oil prices hit three-month low and markets rally amid Iran deal breakthrough
Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crudeAnalysis: Oil and gas unlikely to return to prewar prices for months even if Hormuz reopensBusiness live – latest updatesMiddle East crisis: live updatesGlobal oil prices have tumbled to a three-month low and stock markets rallied amid fresh hopes that a US-Iran peace deal could end the greatest energy supply crisis in the history of the market.The price of Brent crude dropped 5% to below $83 (£62) a barrel as the new trading week began, amid optimism that the strait of Hormuz could reopen shortly and bring a return of Gulf oil exports to the market. Wholesale gas prices fell 6% in Europe. Continue reading...
theguardian.com
Trump wants to put a $75m coal terminal in this liberal California city. Residents aren’t having it
Residents of West Oakland, which suffers from toxic waste and high pollution rates, rally against a coal export facilityWest Oakland, a California neighborhood known for its rich history of Black activism from the Pullman Porters’ union to the Black Panthers, might not seem like the site of the country’s next great coal project.But that’s exactly what the Trump administration is pushing for – with the injection of $75m to build a sprawling coal export terminal in the nearby port of Oakland. Continue reading...
theguardian.com
If the UK wants to rejoin the European Union, it first needs to understand it | Timothy Garton Ash
A full return will require a marathon of democratic persuasion, on the continent as much as in Britain. For one side holds most of the cardsAs Britain approaches the 10th anniversary of its vote to leave the EU, the British are beginning to debate rejoining what they call Europe. But, as in most previous British debates about “Europe”, this is Europe with the Europe left out. The discussion is all about what would be best for Britain economically and the British politics of getting there. Little or no account is taken of what the rest of Europe thinks or cares about. The other day, the Treasury minister Lord Livermore became the first member of the government to publicly endorse rejoining the EU. “Of course,” he told the House of Lords, “the UK will re-enter the European Union because it’s absolutely in our national economic interest.” As if we had only to knock on the EU’s door and – abracadabra! – we would immediately be welcomed back in.If you asked all sitting British MPs to say when the European Council is next meeting in Brussels, I doubt that more than a handful could give you the right answer. In fact, I wonder how many could immediately tell you what the European Council is. It’s instructive to look at the agenda for that top table gathering of the national leaders of the 27 EU member states, together with the union’s key institutional leaders. Between 6pm this Thursday and lunchtime on Friday, they hope to discuss Ukraine, the Middle East, the EU’s next seven-year budget, global economic challenges, European defence and security, migration and illicit drugs. So they have, to put it mildly, a lot on their plate.Timothy Garton Ash is a historian, political writer and Guardian columnist. His new book, Europe in 7½ Chapters, will be published this autumn Continue reading...
theguardian.com
EU trade deficit with China reaches record €1bn a day, data shows
Import and export figures come as European leaders prepare to meet this week to address growing imbalanceThe EU’s trade deficit with China has reached a record €1bn (£0.8bn) a day, according to official trade data, fuelling concerns over the future of Europe’s “industrial backbone”.The gap between the EU’s imports from China and exports to China amounted to €31.9bn in April, according to the latest import and export data from the EU statistics body Eurostat. Continue reading...
theguardian.com
Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens
Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpilesOil prices hit three-month low and markets rallyAfter more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief.Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz for tankers carrying millions of barrels of oil and gas, the price of Brent crude tumbled to lows of $82 a barrel. Wholesale gas prices fell about 6%. Continue reading...
cnbc.com
Sen. Warren asks Trump if administration plans to raise Social Security retirement age
In a new letter to President Donald Trump, Sen. Elizabeth Warren, D-Mass., asks what the administration's plans are for Social Security reform.
bbc.com
Fox to buy Roku streaming firm in $22bn deal
The move is seen as a bet that combining streaming with its news and sport offering will boost Fox as TV audiences move online.
bbc.com
Oil prices fall and shares jump after US-Iran deal announced
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
theguardian.com
Fox strikes $22bn deal for Roku to fuel streaming push
Deal gives network access to more than 100m households using Roku streaming platformFox Corp is buying Roku in a cash-and-stock deal valued at about $22bn in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.The deal, announced on Monday, gives Fox access to the more than 100m households using Roku’s streaming platform, potentially helping the cable TV-reliant media company better target ads and reduce reliance on traditional distribution. Continue reading...
theguardian.com
How will the under-16s social media ban work? – podcast
Keir Starmer has announced his social media ban for under-16s. The proposals are tougher than expected, and include a ban on major apps such as TikTok, Instagram, X, Snapchat, YouTube and Facebook. Plus, the Makerfield byelection is on Thursday. How will team Starmer be preparing for a potential Andy Burnham win? Continue reading...
cnbc.com
Fox to buy streaming device maker Roku for $22 billion
Fox, the owner of the news and sports networks, said it has reached a deal to acquire Roku for about $22 billion in enterprise value.
theguardian.com
'Growing up too young': Londoners praise under-16s social media ban – video
Social media access in the UK is set to be banned for under-16s as part of an online safety drive that includes a host of other restrictions.On Monday, Londoners praised the measures that are planned to block children from access to Snapchat, TikTok, YouTube, Instagram, X and Facebook, as well as livestreaming and communication on gaming platforms.The prime minister, Keir Starmer, said the changes were a 'line in the sand' for tech companies that had failed to keep children safe.A government consultation sought views on restrictions, curfews, app time limits and curbs on what it has described as addictive design features. Nine out of 10 parents who responded supported a ban, and two-thirds of young people agreed that children under 16 should be blocked from using at least some platforms.YouTube, which is owned by Google, said the policy could push children towards unsafe platforms – a common point made by ban opponents.A spokesperson said: 'YouTube is a vital resource for young people, educators and parents. Blanket bans push kids out of such curated, supervised, beneficial experiences and towards anonymous, less safe services'Social media firms hit back as Starmer announces ban for under-16s in UKWhy is the UK launching an ‘Australia plus’ social media ban and how will it work? Continue reading...
theguardian.com
Tallying the global cost of the US-Israel war against Iran
From thousands of lives lost to an economic shock likely to plunge millions into poverty, the world is paying dearlyIt would be hard to find a human on Earth unaffected by the US-Israel war against Iran. Several thousand have been killed. Millions are paying more each day in steeper food prices or at the petrol pump, and as inflation eats away at the value of their earnings.For many, the final bill has not yet come, but it will eventually. They will pay for the long-term damage caused by the biggest threat of all to the global economy: uncertainty. Continue reading...
cnbc.com
SpaceX IPO shines a light on the product set to disrupt Wall Street
Perp market traders had a form of early access to SpaceX, and the trading closely aligned with later prices in the stock market.
cnbc.com
UK declares under-16 social media ban to protect children, but experts warn of enforcement challenges
The ban could include platforms like Snapchat, TikTok, YouTube, Instagram, Facebook and X.
cnbc.com
Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs
Shares of Chinese AI model developer Zhipu surged as Wall Street banks raised bets on the company's ability to capture global AI demand.
theguardian.com
‘It’s more exciting than ketchup!’ How chilli crisp became the hottest condiment – and how to make your own
This crunchy, spicy wonder has made a fortune for its Chinese creator – and inspired hundreds of British-Asian versions. Time to get tasting …Walk down the specialist aisle in most British supermarkets and you will find a red jar with the kindly face of a middle-aged Chinese woman staring back at you. Branded Lao Gan Ma, meaning “old godmother”, these jars contain chilli crisp – a spicy, crunchy and moreish umami condiment that has made made hundreds of millions for Tao Huabi, the woman on the label. Doused over steaming dumplings, fried eggs, noodles and even ice-cream, Lao Gan Ma’s chilli crisp has become a social media sensation in recent years and has spawned a thriving cottage industry of independent chilli crisp producers in the UK.“It’s such a convenient shortcut to flavour when you use it as a condiment,” says Fuchsia Dunlop, an expert in Chinese cuisine. “Every Asian cuisine has a form of chilli oil, but China and Lao Gan Ma invented chilli crisp and now the western world is more interested in authentic flavours, thanks partly to social media.” People, she says, want to have their own taste of that authenticity. “It’s far more exciting than a bottle of ketchup!” Continue reading...
theguardian.com
US and UK central banks expected to keep interest rates on hold amid Iran peace deal
Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressuresBusiness live – latest updatesCentral banks in the US and UK are expected to leave interest rates on hold this week as the peace deal in the Middle East is predicted to ease inflationary pressures.The US Federal Reserve is expected to hold its benchmark interest rate at a range of 3.5% to 3.75% on Thursday, in what will be the first policy decision under the new Fed chair – and Donald Trump’s pick – Kevin Warsh. Continue reading...
theguardian.com
UK’s oldest Indian restaurant takes crown estate to court over theatened eviction
Michelin-starred Veeraswamy faces closure as King Charles’s property developer refuses to renew its leaseThe UK’s oldest Indian restaurant will be taking the crown estate to court this month as it faces eviction.Veeraswamy has been serving up curries on Regent Street in London for a century, but now faces closure as the property portfolio owned by King Charles has refused to renew its lease. Continue reading...
theguardian.com
BBC News braces for major round of job cuts in broadcaster’s £500m cost-saving drive
All departments will be affected but biggest cuts are in news, with job losses expected to run into the hundredsBBC News is braced for a major round of job cuts to be revealed within days, in an announcement that will kick off a brutal cost-saving drive designed to save £500m across the corporation.The cuts could come as soon as Wednesday, with staff already told to expect a high number of redundancies. Job losses could run into the hundreds. Continue reading...
cnbc.com
SpaceX: To the moon for investors or a bumpy ride? Here's what experts say
If the first day's share price is anything to go by, investors are still very optimistic on the stock.
bbc.com
What's happening to UK petrol and diesel prices now the US and Iran have a deal?
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
cnbc.com
Trump says France must scrap tech 'sales tax' or face 100% wine tariffs: NY Post
President Donald Trump issued the threat ahead of this week's G7 summit in Évian-les-Bains, France.
theguardian.com
Listen to manufacturers and unions: high electricity prices are killing industry | Nils Pratley
Make UK and TUC are right – ministers need a proper strategy to cut energy costs before there are more closuresBritain ‘faces deindustrialisation’ without relief from high energy pricesThe manufacturing lobby group Make UK and the Trades Union Congress have picked a bad moment to plead for urgent relief for the nation’s industrial companies from sky-high electricity prices. The cabinet is tearing itself apart over defence spending, so even a “one minute to midnight” call for an extra £3bn for manufacturers is likely to be shunted into the long grass until after the likely Labour leadership contest.But the two bodies are correct on their main points. The cost of energy in the UK is a heavy drag on business competitiveness. Ministers’ talk about serious industrial revival is wishful thinking while UK companies are paying the highest electricity prices in the G7, including four times as much as US counterparts. High prices also cut across most of the big items on the government’s to-do list – everything from energy transition itself to, indeed, increasing domestic defence production. Continue reading...
theguardian.com
Social media firms hit back as Starmer announces ban for under-16s in UK
Meta, YouTube and Snapchat say ban, which would stop children using their platforms, will drive them to ‘less safe services’How will the ban work?UK parents: how do you feel about the ban?Britain’s plans to ban social media for under-16s will push teenagers towards more harmful platforms, the world’s biggest technology companies have said as ministers push to enact the new restrictions by next spring.Meta, YouTube and Snapchat have all criticised the ban, which was announced by Keir Starmer on Monday and would stop younger teenagers from using their services. Continue reading...
cnbc.com
Oil shock 'far from over' as analysts warn of new Middle East risk premium
Commodity analysts warn that oil price volatility is likely to persist, despite the U.S.-Iran peace agreement.
theguardian.com
Mike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent
UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already ownBusiness live – latest updatesThe retail billionaire Mike Ashley has launched his second takeover bid in a week, attempting to snap up the Australian footwear business Accent Group days after announcing a tilt at Hugo Boss.Ashley’s Frasers Group, which already owns the biggest single stake in Accent at 22.9%, said it would offer 65 Australian cents (34p) a share for the remainder of the business, at the same level as its closing price on Friday. Continue reading...
theguardian.com
Investment fraud in UK soared to more than £220m lost last year, trade body says
Scams involving gold, cryptocurrencies and wine rise as criminals use AI to increasingly carry out larger-scale fraudIncreasingly elaborate investment scams involving gold, cryptocurrencies and wine have soared in the past year with more than £220m lost to the fraud, according to a report.UK banks reported almost 15,000 investment scams in 2025 as criminals use artificial intelligence to dupe people out of their money. Continue reading...
cnbc.com
World leaders welcome U.S.-Iran deal as Europe signals sanctions relief, urges Hormuz reopening
The agreement came after more than three months of stop-start negotiations and bouts of fighting since late February, roiling global energy and commodities markets.
cnbc.com
SoftBank surges more than 10% as Iran-U.S. deal sends Asia tech stocks soaring
Asian tech stocks surged Monday on news that Iran and the U.S. have reached a deal.
theguardian.com
Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX
Australian billionaire says investment reflects her confidence in world’s first trillionaire after his record-breaking IPOFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart’s company has made a “significant investment” in Elon Musk’s SpaceX and said it hopes to collaborate on AI infrastructure.Hancock Prospecting secured shares as SpaceX began trading on sharemarkets on Friday, Rinehart said in a statement today. The figure, which Rinehart did not confirm, is reportedly at least A$1.4bn. Continue reading...
theguardian.com
Australia’s Sigma drops out of talks to buy UK’s Boots
End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chainBusiness live – latest updatesThe Australian pharmaceutical group Sigma Healthcare has dropped its pursuit of the UK retail chain Boots, abandoning a takeover estimated to be worth $10bn (£7bn).Sigma, a wholesaler and retailer, said on Monday that a deal to buy the high street pharmacy business – which has 1,800 UK stores – would not meet its strategic and capital investment objectives. Continue reading...
cnbc.com
CNBC Daily Open: Iran deal fuels global relief rally
Iran peace deal sparks a global relief rally in stocks amid hopes that the end of the war will ease the energy crisis impacting economies worldwide.
theguardian.com
A £350 swimming pool fee ruined our easyJet holiday
We booked our hotel because of its swimming pool but a hefty hourly fee to use it wasn’t mentionedMy partner and I paid £2,150 for a week’s all-inclusive break in Marrakech with easyJet Holidays.We chose the Jaal Riad Resort Hotel because of its pool and spa. When we arrived, we were told that use of the heated pool cost £24 a person an hour, the Jacuzzi £24 for 20 minutes, and the hammam was £16 for 20 minutes. Continue reading...
bbc.com
Demand at baby bank 'has never been higher'
The founder says rising childcare costs mean many of those they help are in work but struggling.
theguardian.com
Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns
Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take actionNils Pratley: High electricity prices are killing industryBritain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey.The manufacturers’ body Make UK said the latest feedback from its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental Europe and four times higher than in the US. Continue reading...
theguardian.com
Europe is starting to break up with US big tech. But it’s still abiding by the Silicon Valley rulebook | Max von Thun
The European Commission has unveiled its plans for digital sovereignty. Its proposals betray a disappointing lack of visionBeti Hohler is a Slovenian national who lives in the Netherlands. Like tens of millions of other Europeans, she uses Apple’s app store and has an Amazon account. When she travels for work or leisure, she may want to book a place on Airbnb or Booking, using a credit card issued by Visa or Mastercard, perhaps through PayPal.But when the Trump administration sanctioned her last year for her work as a judge at the international criminal court (ICC), her ability to use any of these services vanished overnight. Her credit cards, her accounts with US companies – all gone. The sanctions against Hohler and some of her colleagues mean they live in “constant uncertainty”, she said.Max von Thun is the director of Open Markets Institute Europe, an anti-monopoly thinktank Continue reading...
cnbc.com
Markets cheer U.S.-Iran agreement, but some investors caution deal is yet to be signed
Asian stocks rallied Monday while oil prices tumbled after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict.
cnbc.com
CNBC Daily Open: For real this time? U.S., Iran peace deal at hand
The proposed deal will see the Strait of Hormuz opened, and the U.S. naval blockade lifted, in effect ending the conflict.
bbc.com
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.com
Millions of people can get discounts on their bills - here's how
Lower social tariffs allow many people on benefits to get cheaper deals for water, broadband and phone.
bbc.com
Financial losses from scams hit £1.3bn a year as criminals turn to AI
On average, nearly eight cases of fraud in which money is stolen are reported in the UK every minute.
bbc.com
Is the convertible heading into the sunset?
UK drivers have taken a shine to the SUV but could the fate of the convertible be reversed?
cnbc.com
SpaceX market cap tops $2 trillion after shares of Elon Musk's rocket company gain 19% on debut
SpaceX shares soared on Friday as trading commenced on the Nasdaq.
bbc.co.uk
Business Daily
An ambitious project aims to build a business hub to rival Singapore or Hong Kong
bbc.com
UK and Japan agree £18bn investment deal
Japanese firms will spend billions on UK infrastructure and offshore wind, Downing Street says.
bbc.com
UK electric car sales target set to be weakened
The new target hasn't yet been decided, with different numbers under consideration, the BBC understands.
theguardian.com
British forces intercept Russian shadow fleet vessel – video
British armed forces intercepted and boarded a Russian shadow fleet oil tanker in the Channel in the early hours of Sunday, the prime minister, Keir Starmer, has confirmed. According to the tracking website Marine Traffic, the vessel is now anchored off the coast of Dorset near Weymouth. Authorities said it would be monitored for environmental or safety concerns. The UK says the Smyrtos is one of 700 vessels in a shadow fleet responsible for carrying 75% of Russia’s oil exports, which are under international sanctions. The fleet provides Russia with what analysts say is a critical lifeline, allowing oil to be sold and funds generated to continue its war against UkraineBritish armed forces intercept Russian shadow fleet oil tanker in Channel Continue reading...
cnbc.com
Elon Musk drifted from Larry Page over a decade ago, but their companies are closer than ever
SpaceX and Google have a long and complicated relationship, but they were both celebrating this week after Elon Musk's company held its blockbuster IPO.
bbc.com
Man who built Guernsey finance charity retires
Peter Neville stands down as head of the charity supporting people ineligible for mainstream banking.
theguardian.com
Elon Musk and co may relish march of the robots but there must be AI boundaries in the workplace | Heather Stewart
As technology advances quickly, firms should not lose sight of what qualities humans bring to jobsA robot magician called D4YRL was rejected as a member of the Magic Circle last week, for being insufficiently human.While D4YRL’s tricks were exemplary, the august organisation decided “he” did not engage the audience’s emotions as a flesh-and-blood performer would. Continue reading...
theguardian.com
‘People start connecting the dots’: why an investment fund is rewilding a North Yorkshire estate
Rebalance Earth is investing in Broughton Sanctuary to generate financial, environmental and social returnsFrom a high point on the hill, the North Yorkshire landscape unrolls below. The moorland above gives way to grassland, trees and then pasture, divided by the region’s traditional dry stone walls.The view may be idyllic, but it belies the condition of parts of this land, belonging to the sprawling 1,100 hectare (2,500-acre) Broughton Sanctuary estate, near Skipton. Continue reading...
theguardian.com
‘A beautiful display of love’: company launches DIY funeral shroud cover kit
Founder of Bellacouche in Devon says personalised covers tap into growing interest in alternatives to traditional funeralsIn the days leading up to his wife Claire’s death, Andrew Kent sat with her and talked about fabric leaves. She wanted them in different shades – greens, browns and golds, the colours she saw on walks.Later, after she died, each of her three children would take one home. The others would be stitched to the wool cover Andrew was designing for his wife’s funeral shroud – the soft wrap she had chosen instead of a coffin. Continue reading...
theguardian.com
London startup to trial drug to prevent cancer therapy side-effect ‘cytokine storm’
Poolbeg Pharma to test the treatment in NHS hospitals and says it is also developing a GLP-1 weight loss pillA London-based startup is about to trial a drug at six NHS hospitals that could stop people on cancer immunotherapy getting a life-threatening side-effect.Poolbeg Pharma said its oral drug POLB 001 could make treatment for blood cancer safer by preventing cytokine release syndrome (CRS), when the immune system goes into overdrive and attacks the body, leading to organ damage. Continue reading...
theguardian.com
‘It’s going to be extremely hot’: workers imperiled as sweltering World Cup temperatures are forecast
It could top 90F in several cities hosting World Cup games – and workers could pay the price with their healthAs the World Cup kicks off, labor advocates and scholars warn that the workers making the tournament possible could face serious heat-related risks.“It’s going to be extremely hot, and you just cannot leave people unprotected or you’re going to deal with a lot of injuries,” said Jonathan Alingu, co-executive director of Central Florida Jobs With Justice, which has been calling for worker protections at the Miami games. “Or, God forbid, something even worse.” Continue reading...
cnbc.com
UK forces board sanctioned Russian shadow fleet oil tanker
The U.K.'s Ministry of Defence says the SMYRTOS was in the English Channel and will be held off the south coast during investigations.
theguardian.com
‘I should know better’: tech expert lost £70,000 in one simple phone call
After falling for a scam call, ‘The Tech Chap’ host Tom Honeyands realised he’d given away vital details in social media postsWhen Tom Honeyands realised he had been defrauded out of £70,000 he was furious and embarrassed – and left wondering if he had given away too many details on his social media videos.Honeyands was on a work trip to Tokyo when he got a call from someone claiming to be from Lloyds bank. The caller asked if he had made a recent transaction in Singapore and when he said no, the scammer said his account had been compromised and that security details needed to be reset. Continue reading...
bbc.com
Why the US economy keeps defying the odds
Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?
theguardian.com
How Brexit has made Britain poorer – in charts
Forecasters were wrong about an immediate recession but right that we would be worse off outside the EUAs the 10th anniversary of the Brexit vote approaches, the verdict on Britain’s economic performance is clear: voting to leave has resulted in severe costs for households and businesses.The immediate recession predicted in the Treasury forecasts ordered by George Osborne – dubbed “project fear” by the Leave campaign – did not happen. The impact from the Covid pandemic, wars in Ukraine and Iran, and Donald Trump’s trade battles also cloud the picture. Continue reading...
theguardian.com
Travel insurance: don’t let a health condition derail your holiday plans
A medical issue can send quotes for cover soaring but it is not worth risking going abroad without a policy ‘I nearly fell over when I saw the travel insurance quote,” says the retiree Bernie Lawrence. The 77-year-old from Fleet, Hampshire, says that after he developed heart problems, the cost of buying cover became “astronomical”.Lawrence, who usually travels with his wife, Barbara, 79, says he had always been active and fit before suffering chest pains while out running in 2018. Nine days later, he underwent quadruple bypass surgery. Continue reading...
bbc.com
Anthropic suspends new AI tools over US government security concerns
Anthropic's Claude Fable 5, released publicly this week, sparked concerns about cybersecurity and hacking.
cnbc.com
From 10% chance of success to $2 trillion market cap: SpaceX's historic IPO
After its Nasdaq debut on Friday, SpaceX was the sixth most-valuable U.S. company, despite being a fraction the size by revenue of tech's megacaps.
theguardian.com
UK sets out AI infrastructure push at London Tech Week – how does it stack up?
Government announces plans to invest billions, but questions linger over how its proposals on chips, social media and more will workOwnership of the commanding heights of the AI economy is a political talking point around the world, as countries seek to assert some control of a technology dominated by the US and China.London Tech Week, the showcase event for the UK tech industry, focused heavily on that theme this week. A government keen to show it has a growth story, and an assertive narrative on AI, made a number of announcements related to companies, skills and infrastructure. Some represented new commitments and ideas; others appeared to be putting a polish on already announced measures. Continue reading...
cnbc.com
Switzerland is voting on whether to cap its population at 10 million. Here's what to know
Switzerland votes on a population cap that could tighten immigration and put its EU free-movement agreement under pressure.
cnbc.com
UAE denies 'false' reports of fund transfer to Iran
The statement follows a Reuters report that the UAE has agreed to unlock billions of dollars of frozen funds for Iran.
theguardian.com
‘We eat and drink risk’: higher costs bring curtain down on more UK music festivals
Plans for new event at the Secret Garden Party site and Womad Glasgow are dashed, but others remain optimisticHosting Scotland’s first Womad festival seemed like an easy sell for Glasgow, the country’s gig capital and self-proclaimed “dynamic global hub for music lovers”.However, last week the internationally renowned event celebrating performance from around the world, successfully staged in 30 countries since being co-founded by former Genesis frontman Peter Gabriel in 1982, was cancelled due to low ticket sales. Continue reading...
theguardian.com
How doing a wash while you watch the World Cup at 2am could cut energy bills
Change in viewing habits offered by match times at 2026 tournament could mean using cheaper off-peak powerWatching late-night or early hours football could provide UK households with a practical opportunity to cut their energy bills, as even just doing the washing when cheaper electricity rates apply can net a decent saving.At a time when energy costs are back at worrying highs, research by E.ON Next shows the potential to save money on a time-of-use tariff – in this case, its Next Smart Saver deal, which has three rates: peak, off-peak and super off-peak. Continue reading...
bbc.com
Elon Musk's stratospheric rise to trillionaire status - in charts
The BBC breaks down how the tech mogul's fortune has grown.
bbc.com
Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
bbc.com
UK vows to phase out Russian diesel and jet fuel imports by new year
The ban forms part of the government's package of sanctions on Moscow due to the ongoing war with Ukraine.
bbc.com
Have you been mis-sold car finance?
Martin Lewis has advice for those who have or who are planning to put in a car finance mis-selling claim.
bbc.com
UK signals it may block payout to British Steel owner
Chinese firm Jingye is seeking compensation after the government decided to nationalise the company.
bbc.com
UK economy contracts as Iran war impact felt
The economy shrank slightly in April as the Iran war began to have an impact on businesses, official data shows.
bbc.com
'I was employee number one at SpaceX'
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
bbc.com
Watch: Three things to know about SpaceX's stock market debut
The BBC's Samira Hussain explains everything you need to know about SpaceX's historic IPO.
bbc.com
'I was employee number one': SpaceX co-founder reacts to firm's market debut
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
bbc.com
Why the economics make this the craziest World Cup ever
From trade wars to soaring ticket prices, the 2026 World Cup is unlike any before it. Faisal Islam explores what this tournament reveals about our changing global economy.
bbc.com
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.com
My friends always want to split the bill equally, how do I say no?
It is never easy to speak up when a fellow diner says "let's just divide it!"
bbc.com
Ryanair investigated over charging parents to sit with children
The UK's competition regulator is investigating the airline over charges it imposes on parents to sit next to their child.
cnbc.com
Why U.S. AI giants like Anthropic, OpenAI are launching major expansions in London
The U.K. capital has become a key growth target for many of the world's most talked about AI companies.
bbc.com
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.com
Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss
The retail group already owns just over a quarter of the German fashion brand but wants to buy the rest of it.
bbc.com
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.com
I'd have vetoed foreign sale of UK tech giant, says Business Secretary
Peter Kyle's comments come as the government sets out how it would back British technology companies.
bbc.co.uk
SpaceX IPO: Preparing for the biggest liftoff yet?
It’s not just about rockets: what SpaceX does and why its IPO matters
bbc.com
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.com
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.com
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.com
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.com
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.com
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.com
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.com
Humanoid robots 'the future' of car making, says BMW
BMW is introducing humanoid robots to a car plant in Europe, building on similar projects in the US.
bbc.com
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.com
Is 'out of control' US tipping culture spreading overseas?
With US waiting staff getting cross at receiving less than 20%, tips are also on the rise elsewhere.
bbc.com
The rise of the fruit that tastes like custard
Custard apple plants are prized for their hardiness but exporting their delicate fruit is difficult.
bbc.com
Morocco wants tourists to visit Western Sahara. Some say it's tightening its control
The Moroccan government wants more Western holidaymakers to visit the territory it claims to own.
bbc.com
'Six eggs used to be £1' - why everyday essentials cost so much more now
Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?
bbc.com
Love factually: Dating start-ups promise to cut the cheats
Frustration with fake dating profiles has spurred new dating services with different approaches.
bbc.com
The fight against foreign developers buying Caribbean beaches
Campaigners in Barbuda, Grenada and Jamaica say they can no longer access their coastlines.
bbc.com
Robo-top: The machines that could make your next t-shirt
Most clothes are made in Asia, but new machines could bring some of that work back to the West.
bbc.com
Why does Amazon have no Western rivals?
The internet giant dwarfs other online retailers on both sides of the Atlantic.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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